Wait for breakout or trade in range
As we can see, EURUSD pair from 30th July is in range. (1.16926 - 1.2013)
At the moment there are several options:
1) be neutral and wait, until price will break support or resistance. Then - go long or short accordingly.
2) trade in range (buy when price gets into support zone 1.16926 - 1.17265, sell when it gets into resistance zone 1.19636 - 1.2013)
At the moment there are several options:
1) be neutral and wait, until price will break support or resistance. Then - go long or short accordingly.
2) trade in range (buy when price gets into support zone 1.16926 - 1.17265, sell when it gets into resistance zone 1.19636 - 1.2013)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.